NRS 101.030Discharge of coobligor by judgment.A
judgment against one or more of several obligors, or against one or more of
joint, or of joint and several obligors, shall not discharge a coobligor who
was not a party to the proceedings wherein the judgment was rendered.

[2:35:1927; NCL § 3701]

NRS 101.040Payments credited to coobligors.The
amount or value of any consideration received by the obligee from one or more
of several obligors, or from one or more of joint, or of joint and several
obligors, in whole or in partial satisfaction of their obligations, shall be
credited to the extent of the amount received on the obligations of all
coobligors to whom the obligor or obligors giving the consideration did not
stand in the relation of a surety.

[3:35:1927; NCL § 3702]

NRS 101.050Release with reservation of rights.Subject
to the provisions of NRS 101.040, the obligee’s
release or discharge of one or more of several obligors, or of one or more of
joint, or of joint and several obligors, shall not discharge coobligors,
against whom the obligee in writing and as part of the same transaction as the
release or discharge expressly reserves his or her rights; and in the absence
of such a reservation of rights shall discharge coobligors only to the extent
provided in NRS 101.060.

[4:35:1927; NCL § 3703]

NRS 101.060Release without reservation of rights.

1. If an obligee releasing or discharging an
obligor without express reservation of rights against a coobligor, then knows
or has reason to know that the obligor released or discharged did not pay so
much of the claim as the obligor was bound by his or her contract or relation
with that coobligor to pay, the obligee’s claim against that coobligor shall be
satisfied to the amount which the obligee knew or had reason to know that the
released or discharged obligor was bound to such coobligor to pay.

2. If an obligee so releasing or
discharging an obligor has not then such knowledge or reason to know, the
obligee’s claim against the coobligor shall be satisfied to the extent of the
lesser of two amounts, namely, (1) the amount of the fractional share of the
obligor released or discharged, or (2) the amount that such obligor was bound
by his contract or relation with the coobligor to pay.

[5:35:1927; NCL § 3704]

NRS 101.070Death of joint obligor.On
the death of a joint obligor in contract, the joint obligor’s executor or
administrator shall be bound as such jointly with the surviving obligor or
obligors.

[6:35:1927; NCL § 3705]

NRS 101.080Chapter not retroactive.This
chapter shall not apply to obligations arising prior to July 1, 1927.

[7:35:1927; NCL § 3706]

NRS 101.090Uniformity of interpretation.This
chapter shall be so interpreted and construed as to effectuate its general
purpose to make uniform the law of those states which enact it.